259 St Paul St

Saint Catharines, ON, L2R 3M7
MLS® #: 30779834
KELLY ATALICK, RE/MAX Garden City Realty Inc

$16,900,000

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Business Type: Business

Date Listed: Wed, Nov 27, 2019

Property Tax: N/A

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259 St Paul St

Saint Catharines, ON, L2R 3M7

$16,900,000

73000 sqft|Business
MLS® #: 30779834
KELLY ATALICK, RE/MAX Garden City Realty Inc

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Property Description

BEAUTIFULLY RENOVATED 75 UNIT APARTMENT BUILDING PLUS 5 NEW RESTAURANTS. ALL NEWER APARTMENTS, NEW ELECTRICAL, PLUMBING, HVAC, INDIVIDUAL HEAT PUMPS, WINDOWS, KITCHENS, BATHROOMS, CERAMIC FLOORS, INSTITUTIONAL GRADE INVESTMENT PROPERTY SHOWS A GUARANTEED 5% CAP RATE, 10.50% RETURN ON INVESTED CAPITAL AND A 14.85 % INTERNAL RATE OF RETUR WITH A POTENTIAL ADDITIONAL INCOME OF $48,000 PER YEAR. A PRIME INVESTMENT IN THE HEART OF THE ENTERTAINMENT DISTRICT DOWNTOWN ST. CATHARINES. EXISTING FINANCING @2.45%. SELLER WILL MANAGE PROPERTY. POTENTIAL TO ADD 7 FLOORS; 70 APARTMENTs.

Details

Property Type: Commercial
Property Tax: N/A
Fees: N/A
Last Updated: Fri, January 17, 2020
Price Type: For Sale
Property Subtype: Store with Apartment/Office
Property Type Detail: Commercial
Soil Test: Environmental Audit

Key Facts

MLS® #: 30779834
Ownership-Type: N/A
Year Built: N/A
sqft: 73000 SQFT
Date Listed: Nov 27, 2019
Lot Size: 110.00 x 127.50
Occupancy: Tenant
Subdivision: St. Catharines Downtown
Total Acres: 0.3
Transaction Type: For Sale
Sq Ft Range: 000+, 10
Zoning: C5
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Data was last updated Friday, January 17, 2020 at 6:19:03 PM
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RE/MAX GARDEN CITY REALTY INC.

St. Catharines, ON

|

(905) 468-9117

PH: (905) 468-9117
I'd prefer to be reached by text or phone call

I'm looking to:

Buy
Sell

Introduction to Investing in Commercial Real Estate

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